A new report by Research and Markets predicts that Global Nitrile Butadiene Rubber (NBR) market will grow at a Compound Annual Growth Rate (CAGR) of 6.85% until 2019. Nitrile Butadiene Rubber (NBR), commonly known as Buna-N or nitrile rubber, is…
Category: Industry News
Toyoda Gosei moves to new Chinese office
Japan’s Toyoda Gosei has relocated the regional headquarters for its automotive parts business (Toyoda Gosei Shanghai or Shanghai TG) to a larger space in January 2015. In addition to the Shanghai TG regional headquarters, Toyoda Gosei has regional production operations…
Demand for rubber in India slows down
India has seen a 36% shrink in rubber production in December 2014, its steepest drop for last year. Meanwhile, consumption has increased marginally while growth in imports has slowed down. The Automotive Tyre Manufacturers’ Association (ATMA) quoting the Indian Rubber…
Malaysia’s November natural rubber rose 11%
Malaysia’s Department of Statistics says that the country’s natural rubber production rose 11% from October to 53,040 tonnes in November last year. However, it was down by 21% compared to the previous year. Meanwhile, the country’s natural rubber exports fell…
Car sales in Philippines jumped 30% in 2014
The Chamber of Automotive Manufacturers of the Philippines Inc (Campi) and the Truckers Manufacturers Association are optimistic that it will achieve a 16 % growth this year, with passenger and commercial vehicles expected to account for 40% and 60% of…
Taiwan’s tyre market to increase over next five years
A report has forecasted that the Taiwanese tyre market is set to increase at a Compound Annual Growth Rate (CAGR) of more than 4% from this year to 2020. The report titled “Taiwan Tyre Market Forecast and Opportunities, 2020” by…
MotoGP World Championship to continue on Dunlop tyres
Dunlop tyres will continue being the tyres used in the MotoGP World Championship for Moto2 and Moto3 respectively. “We are delighted to continue our association with a name as renowned as Dunlop for both the intermediate and lightweight class tyre…
India’s tyre market seeks reduction in tyre prices
The All India Tyre Dealers’ Federation (AITDF) is seeking the help of the government to lower tyre prices as the cost of raw material falls continuously. This is to help the rubber growers of the state as the natural rubber…
Saudi tyre market to expand
Saudi Arabia has had to mostly rely on exports to fill its demand for vehicles – one of the highest in the world – and has a huge vehicle production deficit. However, the situation is expected to change because of…
Indian car sales to grow only 1% this year, analysts say
The Society of Indian Automobile Manufacturers (SIAM) has announced that vehicle sales in India will only hit 1% by March this year. This comes amidst criticism towards the government for scrapping tax breaks SIAM officials were initially optimistic that the…